Fair Trade and its Benefits 'Fair trade is a method to business and to development built on dialogue, transparency, and respect that seeks to create greater justness in the international trading system. Fair trade supports farmers and craftspeople in developing countries that are socially and economically marginalized. These producers lack economic chance and often face steep hurdles in finding markets and customers for their goods '. (Anon, n.d). 'So, fair trade is primarily addresses goods produced in developing countries and sold to developed countries '.
In the article “Advantages of Globalization”, Burande lists thirteen reasons that made him stand on the side of globalization. Beginning with the first one, “Peaceful relations”. Burande here says that countries nowadays, are making peace agreements with each other in order to reduce the number of wars and exchange goods with each other to increase the good level of economy. Burande states that “Free trade” is the second reason that made him stand with globalization. He says the free trade is a process that helps countries trade goods between each other at no taxes, in which it will help consumers buy products at lower costs.
Countries around the globe trade with each other. Foreign trade is beneficial to nations since it allows them to produce goods and dispose of some of them abroad in exchange for those foreign products demanded domestically. The dominant feature of international trade theory is the assumed superiority of free trade and non intervention. This paper tries to argue that government intervention in international trade may not always be harmful. It may prove to be ieal in most cases, depending upon the situation in hand.
While Chinese government allows voting; it does not on an individual scale. Also, China is host to many state-owned enterprises (SOEs) derived to safeguard employment of its citizens over individual profits. Further, China’s authoritarian rule is viewed as illiberal thus placing it squarely at odds with democratically-inclined states. Liberal economics, as described by economist David Ricardo, “stimulates free trade among liberal capitalist states, in the belief that enhanced trade would be in the economic self-interest of all states. Worldwide wealth is maximized when states engage in international trade that supports its competitive advantage.
After the 19th CPC Congress, the Chinese government has stated clearly that the economy need to be reformed again to solve the new Chinese society principal contradiction which is the contradiction between unbalanced and inadequate development and the people’s ever-growing needs for a better life. New contradiction requires new solutions. The proper economic policies are the urgent need for not only China but also other countries. This is important to me and important to everyone else. Policies matter the life quality of people and the future of our generation.
Perhaps, the hierarchical model of control has greatly contributed to China’s “economic miracle”, as labor discipline, willingness of Chinese obediently endure hardship and to obey the orders was a factor which ensured political stability and high production discipline. Over the last 20 years, Chinese real growth of Chinese GDP in average was around 9.9%. It lifted China’s economy from marginally relevant to one of the biggest drivers of global growth. The Western firms remain a key attraction for China, not only because they provide the inflow of natural resources, but also to help gain the necessary knowledge and skills. China makes credit loan to Kazakhstan and Turkmenistan while also making large investments in mining gas, oil and uranium in this region.
Brief background of FTA A Free Trade Agreement (FTA) is a legally binding agreement between two or more countries to liberalize trade and bring about closer economic integration. The purpose of FTA is to reduce or eliminate barriers to trade, and facilitate the cross border movement of goods and services between the territories of the Parties. FTA covered three areas of trade liberalization which are trade in goods, trade in service and investments. These three elements compose FTA framework. For trade in goods, exporters or importers can remove tariffs and non-tariff barriers such as import bans and quota shares based on the free trade agreement.
Although in Thailand, there are about 450,000 teachers per 11 million students nationwide, many rural schools have to depend on one teacher for all subjects. That is because teachers have low inspirations to work in the place that has few facilities, low income and low progress in work. In addition, the abilities of teachers to explain and develop students are somewhat ineffective (The Nation, 2014). As a result, this causes numerous students in the countryside to have poor opportunities in good education. Thus, the government should come up with policies to attract teachers to teach in rural areas as the teachers are still needed, and there should be more teachers who are expert in one particular subject to train the students as
Systems under these categories such as traditionalism, communism and socialism all have indisputable advantages and disadvantages. Therefore, to design an almost perfect economic system each economic system’s strong, functioning points have to be united. A market economic system is a system where the government does not control essential resources, valuable goods or any other prime divisions of the economy. Through this organizations run by the people decide how supplies are generated, how the economy is run and what demands are vital. The biggest advantage of a market economy is the separation of the government and the market, because it prevents the state from becoming too controlling or oppressive.
According to Harvard University, such trade agreements also encourage non-participated countries to reduce their trade barriers. Therefore as an example Sri Lankan manufacturer can purchase cheap raw materials from a country of the regional trading agreement and sell the products everywhere at a lower cost. RTA’s also can be used to introduce new instruments that can promote greater transparency and predictability under international trade policy. And through these trading agreements allies can receive rewards. Plus as it settles trade disputes it helps to maintain a trustworthy and peaceful trading environment within Sri Lanka and other neighbor